subject: Basic Car Insurance Information for Resident Drivers in Ohio [print this page] Basic Car Insurance Information for Resident Drivers in Ohio
If you drive a car in Ohio, you are mandated to carry car insurance. This is not optional; it is something that the law requires you to have. Aside from this, you also must take steps to protect your finances. Prior to being able to buy insurance, you need to know what the requirements are for Ohio.
The state law in Ohio requires all motorists to carry Bodily Injury Liability (BIL) coverage as well as Property Damage coverage. The liability minimum for this is 12,500 dollars for each person involved in the accident. The minimum value per accident is at 25,000 dollars.
Property Damage Liability (PDL) has a minimum of 7,500 dollars for damage of other people's properties. This is also what covers the costs of legal defense in case somebody decides to sue you.
Everybody who drives in Ohio needs to have Property Damage Liability coverage to shoulder the costs of an accident that will lead to destruction of somebody else's property.
There are other optional insurance coverage such as those for uninsured (UM) or underinsured (UIM) motorists. You are not mandated to have these but you do have to consider them in case you want to better protect the assets that you have.
To summarize, here are the coverage levels that Ohio state laws require their drivers to have. You need bodily injury liability coverage, tort option coverage, property damage liability coverage, and medical expense or burial coverage. The minimum required value for medical expense coverage is 5,000 dollars.
If you opt for the uninsured motorist coverage, you get between 100,000 and 300,000 dollars for each person who suffers physical injuries and who has to pay medical fees because of the collision.
Keep in mind that prior to purchasing any kind of auto insurance policy in Ohio, you first have to try to get quotes from as many companies as you can. Compare the costs of their policies and the coverage levels that you will get in exchange. Getting quotes is very easy if you do it online. You simply fill out a form about yourself and you will instantly get a quote estimate. It helps to contact an auto insurance representative so that you are better aware of what you can look forward to from the policy. If you remain unsure about how to go from this, do some more research online. There are plenty of sources available.
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